Pune, India, August 2021, MRFR Press Release/Market Research Future has published a Cooked Research Report on the Global Trade Surveillance Systems Market.
The trade surveillance systems market is predicted to reach USD 1,768.6 million by 2027, registering a 13.2% CAGR during the forecast period, 2021–2027. In this report, Market Research Future (MRFR) includes the segmentation and dynamics of the market to offer a better glimpse of the market in the next few years.
The market for trade surveillance systems is expected to grow steadily during the study period. Its growth can be primarily attributed to the growing demand for monitoring trade activities in financial institutions and the increasing need for mandatory and regulatory compliances. Moreover, the integration of AI and ML in surveillance systems is expected to create opportunities for market players during the forecast period. However, a lack of awareness is expected to restrain the growth of the global market during the forecast period.
Trade surveillance is actively monitoring proprietary or client trades to detect and analyze suspicious trading patterns. In the financial services industry, trade surveillance is described as the process of monitoring and analyzing an organization's trading behavior that directly or indirectly includes market abuse or market manipulation techniques that might result in legal action, criminal charges, or even corporate closure. Financial institutions recognize immediate needs, identify teams, and specify requirements, with a focus on the "at risk" sectors and enhanced preventative capabilities. At a time when regulations throughout the world are growing more stringent on compliance, it is becoming increasingly difficult for businesses to guarantee they are detecting all market abuse concerns. The ongoing COVID-19 epidemic has complicated matters furthermore. Due to remote working, the capacity to collect data from various places and sources is more significant than ever. Simultaneously, changes in working conditions raise worries about businesses' ability to deal with new market misuse issues. Trade surveillance programmers must be adaptable enough to keep up. As a result, many companies that rely on legacy technology require a new strategy to trade surveillance to improve their supervision, management, and reporting.
The trade surveillance systems market has been classified based on component, deployment mode, organization size, and region.
Based on component, the global trade surveillance systems market has been segmented into solutions and services.The solutions segment accounted for the larger market share of 67.0% in 2018, with a market value of USD 414.7 million; it is expected to register a CAGR of 12.4% during the forecast period. In 2018, the services segment was valued at USD 203.9 million; it is projected to register the higher CAGR of 14.6%.
By solutions, the trade surveillance systems market is divided into surveillance, risk & compliance, analytics & reporting, case management, and others. These solutions offer global regulatory compliance through risk controls to detect suspicious and non-compliant trading activities that enable organizations, especially banks, brokers, and retail broking dealers, to identify the manipulation in the trading activities. Surveillance of trading activities helps prevent and investigate illegal, manipulative, abusive, and suspicious trading practices in the capital & securities markets. However, the continuously changing market landscape requires continuous evolution of regulatory compliance and risk controls to deal with illegal activities. Trade surveillance solutions enable organizations to comply with the different regulations implied that differ in regions across the globe and in time. Furthermore, to handle these bulks of data loads, analytical technology solutions such as big data, artificial intelligence (AI), machine learning (ML), and data science techniques help through data mining and statistical analysis to assess the anomalies in the market trading behavior.
Based on the deployment mode, the global market is divided into cloud and on-premises. Among the two deployment modes, the cloud-based deployment mode is expected to register the higher CAGR during the forecast period. The cloud-based deployment model allows most system-based applications to run on an open and flexible architectural platform. Using the cloud to deploy trade surveillance systems helps reduce IT administrators' jobs by ensuring cost-effective and seamless deployment activities. The on-premises deployment model of trade surveillance systems enables the financial institutions and related enterprises,offers better control over their data, and provides a greater sense of ownership. The risk of security and data breaches is a significant concern due to which enterprises prefer the on-premises deployment for the trade surveillance systems. The on-premises deployment model offers benefits of integration with existing application systems
Based on organization size, the global market has been classified into small & medium enterprise and large enterprise. The large enterprise segment accounted for the larger market share of 67.6% in 2018, with a market value of USD 418.5 million; it is expected to register a CAGR of 12.3% during the forecast period. The small & medium enterprise segment was the second-larger market in 2018, valued at USD 200.1 million; it is projected to register the higher CAGR of 14.8%. Large enterprises are faster adopters of technologies, including trade surveillance, owing to their spending capacities and the need to monitor many transactions in their organization. Thus, managing such a bulk amount of data requires a dedicated ecosystem such as trade surveillance systems that can effectively monitor, manage, and track fraudulent trading activities, compliance, case management, communication surveillance, and reporting & analytics in the organization. The role of trade surveillance systems in SMEs is to ensure enhanced efficiency, compliance, automation, and effectiveness in the overall trading environment.
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The key players of the global trade surveillance systems market include NICE Ltd., FIS, Software AG, Nasdaq, Inc., Aquis Exchange, Trading Technologies International, Inc., Trillium Management, LLC, SIA S.P.A., IPC Systems, Inc., B-Next, ACA Group, Scila AB, OneMarketData, LLC, Crisil Limited, and Trapets AB.
The trade surveillance systems market, by region, is divided into North America, Europe, Asia-Pacific, the Middle East & Africa, and South America. The market is led by North America, which occupied a 36.6% market share in 2018. Growing demand for monitoring trade activities in financial institutions and increasing need for mandatory and regulatory compliance drive the market in the coming years. North America is followed by Europe, which has occupied around 34.6% market share in 2018. Asia-Pacific is anticipated to be the fastest-growing regional market. It held a 22.2% market share in 2018, which is expected to reach 24.3% by 2027 due to the growing demand for trade surveillance systems in developing countries such as China and India